haku: @author Linke, C. / yhteensä: 1
viite: 1 / 1
« edellinen | seuraava »
Tekijä: | Krueger, M. Linke, C. |
Otsikko: | A spanning approach for estimating divisional cost of capital |
Lehti: | Financial Management
1994 : SPRING, VOL. 23:1, p. 64-70 |
Asiasana: | ESTIMATION CAPITAL COSTS IMPLEMENTATION |
Kieli: | eng |
Tiivistelmä: | Two techniques for estimating risk-adjusted divisional hurdle rates are the analytical approach and the pure-play approach. The analytical approach relies upon theoretical linkages between observable accounting variables and the CAPM beta risk measure. The pure-play approach uses information about firms operating in the same line of business. This study develops a third technique, a spanning approach, which combines the advantages of the analytical and pure-play techniques while avoiding their implementation problems. |
« edellinen | seuraava »
SCIMA